A lollerskate is a type of point/award that can be given to any one person at random. Depending on how totally awesome the action involving the person is, a certain number of lollerskates will be awarded to that person. 50 lollerskates is the highest number of lollerskates that can be awarded and is considered a great honor, an even greater honor when combined with a number of Schlags.

Also: A word used by only the most worthy of worthy people who have had sex with an infinite amount of hamsters and people of the same sex. The hamsters however, have to be in the right season and must have a dichotomous expanding colon the size of 15 landladies. This word can only be used in the context of something so funny, people's guts will literally fly out of their owners.
Congrats! You recieve 50 Lollerskates on the acquisition of your new car! And a Schlag!

by Ric The Spic April 23, 2005
Top Definition
Hilarity on wheels;
A lesser version of Lollercaust
That joke was Lollerskates!
by Lobsterboy July 15, 2003
Used on the internet for something hilarious. It's like "lol", but funnier.
OMG Funnay topic! Lollerskates BBQ!
by ToR January 17, 2005
Lollerskates are the only way to outrun a roflcopter that is about to gun you down
Guy1: You can never outrun the roflcopter!!1

Guy2: I wish i had my lollerskates!!11
by Hacheoy May 15, 2009

Lollerskates are Rollerskates with LOLs!!!
"Omg what's that in the sky? A bird? A plane? A roflcopter?"
by Jonathan Lin July 15, 2006
A creative way to express laughing out loud, or LOL.
Dude: "Oh man did you see that guy smash his face on that wall? classic..."
Other dude: "yeah i did. Loller skates."
by two test tickles April 20, 2008
the most efficient form of transLOLtation
Guy #1: Oh shit, I'm late to class!

Guy #2: No problem, brah! Just strap on your lollerskates! Lololol
by George Lolshington October 03, 2011
a word used when you laugh so hard you get lightheaded and you start to feel like you're gliding...like on roller skates =D
*random person says random hilarious joke*
person: lollerskates! XDDD
by smarticle, yo. March 13, 2009
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